JK News Today

Washington, December 1

The United States has hailed  Indian Prime Minister Narendra Modi’s demonetization  drive as a right step in fighing corruption .

The state department Deputy Spokesperson  Mark C Toner Wednesday  said  “ this  “ recent action ( of rendering  Rs 500 and 1000 notes  as illegal tenders since November 8 midnight)  followed  on  a series of steps that the Modi government took over the past two years to reduce black market money, and I think it also included a four-month amnesty for tax evaders in India, which resulted in I think the disclosure or declaration of billions of dollars in hidden assets.


This was an action – I’m talking about the discontinuance of the 500 and 1,000 rupee notes – designed to target illicit cash proceeds from corruption and tax dodging,” Toner said.

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